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a share record territory for netflix. apple reports its earnings after the closing bell today. it's expected to show weakening from a year ago. poor iphone sales compared to ar earlier leading to what's expected to be about a 14% drop in profits. a lot of analysts ha downgraded the stock. it's rallied over the past couple of days just peeking back above $400. >>> google executive chairman eric schmidt told bbc radio this morning that google glasses will be out a year from now and admits in a it's going to require some new social he had get because there's technology in google glass that allows people to take pictures by winking and doing other things like that. he says obviously, there are situations where it won't be appropriate to record with google glass. a lot of privacy concerns with that. stocks off to a good start because of corporate earnings. dow up by 108. nasdaq up 25. s&p up 11. google shares up just slightly. frank and michelle, back to you. >> looking good. thank you, kcbs radio's financial reporter jason brooks. >>> a woman goa se when she tobacco a bathroom break a
numbers fm 's financial re >>> apple shares haven't been so low in more than a year. we get the latest numbers from kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning, anne. good morning, frank. a rough day for apple yesterday as stock got bruised and a number of analysts downgraded them before its earnings report next week along with a key supplier of audio chips cirrus logic warning its report was going to be bad and apple is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay shares are falling 5.5% in the early going this rnmog. on the economicfront, the labor department reporting that first time weekly unempl
aproechd proven the weekend and warming temperatures on through. >> doom and gloom for apple. what pushed the tech titan stock to its lowest level. (sir can-a-lot) good day, ma' lady. i am sir can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! (male announcer) break the monotony. visit spam.com. >>> no longer the king of the mountain, apple plunging today to levels we haven't seen in two years. new supply concerns dropped shares of apple stock by 5.5%, falling below $400 a share for the first time since 2011. the cupertino-based company did not comment on the stock dropch the company will release quarterly earnings next tuesday. american airlines has resumed most of its flights tuesday following yesterday's massive technology failure that forced the nation's third largest carrier to ground all domestic flights. 970 flights were cancelled, and 1,000 more were delayed. >> in health matters, could your hair give your doctors an idea about the risk for heart disease. a study out of the netherlands says yes. they looked at samples from senior citize
are shut down. >> thank you. cupertino based apple is losing its shine. the bloomberg business report is coming up. >> if diamonds are a girl's best friend this one is a bfs. >> she is america's favorite redhead, and we will have amazing reunion s so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. and less saturated fat? it's eb. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >> we continue to follow breaking news in san francisco, live pictures of the market-street area around 3rd and 4th with streets shut down because of a suspicious package. they have given the area an all clear and they are slowly starting to on the streets if that area. the thing is, that is where the earthquake commemoration for th
percent of s&p 500 companies report and everyone will be talking about apple. >> de think tim cook is in trouble as ceo? >> it depends on what side of that trade you are on. apple's tim cook and the hot seat, maybe not. according to forbes this week took a job is in trouble. the iphone five will not be out this summer, maybe this fall. there are theories and rumors that fingerprints will be a big part of the foam. >> watching a net flicks, they are four and a half percent in early trading. >> they don't really care, they want to turn a profit. it is a pretty saturated plate.right now. we are watching more tv and with netflix time we are catching up with seasons. netflix is a great story. >> is the eighth issue when? is it too soon to tell? >> the delivery mechanism as key. you have to pay a premium dollar for content. the big players like universal, comcast they do not want to release all of their content to only one player. they went to give it to x box and net flicks. netflix is a great story, i would not be surprised if it was acquired by someone who was bigger. >> now let's get
. >> this apple software can pick out specific people and large crowds. by detecting knows shapen the space between eyes. as of a person looking at all the videos, the technology could go through years of video in a matter of minutes. >> crime analyst our point to the pivotal role surveillance cameras play that identified the suspect in boston. and now, some san francisco is something about increasing the city's network of cameras. police chief greg suhr is one of them. he says it would help them better monitor events like the bay to breakers race. >> i would have to get someone a lot smarter than me an engineer if you will to look at what would be possible for us to a port everything into one location. and to be able to monitor major event. >> we live in the post see as i, mci has the television jurors want to see video and the dna. we do everything we do to get it for them. i do not think there is a person in this country did not watch the events of last week on fold and watch it on video. >> however, the aclu is word about how police might use the cameras and how long the department will
and a half. still ahead what's up with apple's slide? >> sad to see it go. >> tough times for "fresh & easy." why the grocery chain could close all its bay area stores. ,, ,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. dollars today for the firste in a year and a half. shar >>> apple stock dipped below $400 today for the first time in a year and a half. shares fell from an all-time high in september of $705 to close at $402 this afternoon. earlier in the day, the price got as low as $398. stock plunged after an apple supplier said there's less demand for ipods and iphones. >>> "fresh & easy" is just a name but there's nothing easy about the grocery chain's financial future. about 18 stores in the bay area are one step closer to closing down. kpix 5's da lin on how the chain may have made a marketing mistake. [ beep beep ] >> reporter: it ha
something no other state has done to address that. >>> apple stock slipped to its lowest level in more than a year. some investors looking for a way out. >>> new at 6, if cell service went down, could you contact your family? the things that need to be in your disaster plan. >>> also, a taser incident at this school shocked parents. why it's the second time police have been called here this week. >>> and a bay area rapper killed. >> sceunt believe that someone would do that. >>> the emotional reaction to the accused killer's first appearance in court, tonight on ktvu channel 2 news at 6. >>> apple stock hit its lowest level in 18 months, after its chip provider indicated it might be slow in providing the chips. at the end of the trading day, the stock pounced back slightly to close at $402.80 a share, still a drop of more than $23 a share and a loss of about 5.5%. >>> also on wall street today, a weak earnings report sent stocks lower. the nasdaq dropped 59. the s&p 500 was down 22. >>> shoppers may soon have one fewer place to buy groceries. fresh and easy is closing all its stores in the
for the nasdaq is apple. dropping down more than 4% to 4 05 after digit times reported that ipad mini shipments will fall 20 to 30%. apple's shares have dropped $300 a share in the past seven months. >> when we come back from break will visit with annie, we have more news coming straight ahead. this is our south bay camera, a little slow as you make it towards the guadalupe over cross. it is nice and sunny out. >> good morning our mt. tam cam overlooking san francisco. temperatures are 10 to 15 degrees warmer than 24 hours ago. mid-50s currently in san francisco, 56 oakland. 54 livermore, low '40's in hayward. as we track these members throughout the day by less time we're talking 60s pretty much everywhere. we will climb into the '70s by 3:00 p.m.. a glauconite a low 60s high 50s. after an highs, 71 expected and mountain view, 72 walnut creek, 70 vallejo. mid to upper 60s for downtown san francisco, 70 east bay shoreline. satellite and radar shows dry clear conditions in the area without a raindrop insight. 7 day around the bay forecast, a string of sunshine, gradually warmer weather and a wee
not determined what cause that had vehicle to catch fire. >> microsoft signed paitent deal with one of apple's biggest suppliers and the samsung sfon slated to hit shelfs in just days. >> good afternoon. fox con parent has signed a patent licensing deal with microsoft. terms were not disclosed but reports estimate it to be the biggest patent deal to date and could be worth hundreds of millions of dollars per year, covering all products running on the android or chrome operating systems. provo, ut sut going to get google fine yerp. google going to awire the new fiber optics system making this the first time google is acquiring an existing network for google fiber. last week google announced austin, texas would join both kansas city and suburbs in getting fiber. chinese phone company going on a hiring spree. the ceo says it plans to fire over the next four to five years. >> stocks falling on disappointing corporate earnings. >> and a samsung gam lachlsy s 4 goes on sale next week. seven u.s. carriers and seven retailers will be offering newest smart phone. t-mobile will be selling the phone ne
. poor earnings news from bank of america. and an apparent drop in demand for apple i- pods and i-phones. also contributed to the drop. here are the closingthe dow lost 138- points nasdaq fell 60- points. the s-and-p 500. fell 22- points. >> jacqueline: it certainly was nice out today with two- five degrees warmer and here is a look at our high temperatures. the 60s, the 70's, nearly everywhere. half moon bay, was 57 degrees. 60s and santa rosa. 71 in richmond. '70s in oakland really a nice afternoon. it remains a fairly nice evening. still, 58 in richmond. sunnyvale, and pleasanton is going to be a mild night tonight. the wind has died down and it will stay warm overnight. with 40's tomorrow. mild temperatures and the calm winds even if warmer with two-five degrees of warming up expected. that will continue for the weekend. i will tell you more about that and a look a your extended forecast, coming up. for the first time in more >> pam: than 40 years. san francisco's exploratorium has a new home along the waterfront. kron 4's maureen kelly was there for the re-opening. and gives
at a college in nearby waco. >>> 4:48 now. more earnings reports will come out today including apple, at&t and delta airlines. nearly one-third of the companies in the s&p will report the results by the end of the week. the reports have been pretty good so far. on wall street the dow reversed its early slide and gained 19 points yesterday. nasdaq climbed 27. >>> your automated teller machines, atms, might become more versatile soon. some of the nation's largest banks are testing machines to let customers actually have a live video chat with the teller and receive exact changes. the new atms will also allow you to split deposits between accounts and make loan and edit card payments, as well. > your ne purchase could cost you more. a proposed sales tax would demand online retailers with sales of more than a million dollars to tax it shoppers. the move could generate between 12 to $23 billion a year. the national retail federation supports the bill. bay area-based ebay does not. its ceo emailed millions of users to ask them to fight the initiative. the senate began debating the bill yesterd
while the nasdaq plunged nearly 60. for the first time in nearly two years, apple stock price fell below $400. a drop in demand for ipod and iphone products led investors to sell off that stock. shares fell from an all-time high in september of $705 to close at $402 yesterday. >>> 4:52. coming up, realtime validation. why one bay area city wants to start counting cyclists. >> and the san francisco waterfront lit up to celebrate a new tenant. ,,,,,,,,,,,,,,,,,, >>> we have a pollen count today which favors mulberry, oak and grass. watch out. >> and we're still watching this breaking news in downtown san francisco. a lot of police on scene investigating something suspicious. we know the bomb squad is out there and they're telling people to avoid the intersection near 3rd and market. muni and bart may be impacted. much more coming up. >>> commuting in san francisco is about to get a little easier if you traveling by bicycle. the city is going to install its first realtime bike barometer on market street. the digital display counts the number of people in the bike lane at any given time. bi
, such as reading france updates. facebook says that is bringing it chat head feature to its apple apps . it is called sad head because france profile photographs pop up when they send you a message very sad head is part of a broader integration that facebook is doing with a new home app on some of running google android operating system. >> as americans rush to donate to the victims' on monday's boston marathon bombing, a watchdog groups are warning of potential on line scanners already looking to profit from the tragedy. within hours of the bombing, dozens of website domain names reference in the bombing or registered. to avoid being scanned, experts caution dollars should look first at the low status national or regional charities were promoting relief efforts. also most states require charities to register with a sedative for soliciting for donations. >> and the weather. a little really uncalled for some. we have a nice warm up to look for to heading into the back half of the week into the weekend. we have erica with a full look at your forecast coming you kids should count yourselv
the market. shares of apple are up 40% from their high in 2012. apple stockt 5.50% in its trading yesterday. >>> "the new york times"ays s scientists have discovered the degnome of the see la camp. what is that? it's a pre constructed fish rjt they look at how fish learn to walk and breathe air. >>> and the "houston chronicle" says the senate urges obama to pardon boxer jack johnson. he crossed state lines with a white woman for, quote, immoral purposes. he would right johnson's name and correct a historical wrong. >>> the wall screen journal says cars could go mainstream by 2035. experts say they will be able to pile up themselves in stop and go traffic. who pays in a driverless car? >> i want to pass on that. >>> we've been reporting all morn on the texas explosion that killed as many as 15 people. we want to go back to west, texas. manuel bojorquez is there. manuel, good morning again. >> reporter: good morning, gayle. the weather has turned cold and rainy here. that is certain to hamper some of the efforts of the authorities as they look for survivors. as you mentioned earlier, 160 peop
. in that version facebook effectively takes other the home screen. in the apple version the pop ups are confined to the apps itself. >>> the news was mixed today if yahoo. add revenue dropped 11% from the same quarter last year. but earnings rose 36% which was better than analysts expected. marisa myers says the company is on the right track. but u.s. sales fell 11% in extended training. >>> the line up for today's festival was announced today and it includes a huge headliner. yeah, paul mccartney is going to headline along with the red hot chili peppers and nine inch nails. you can go to our website ktvu.com for the full line up and more details just look under today's hot topics. >>> we're following developing news right now, a highway collision has left a pedestrian dead. what we learned after the break. >>> phil martin tracking some changes in our weather. at 10:45 he's back with the trends you're going to notice for the rest of the week. >>> a show of force in san francisco today. the changes city leaders are considering as san francisco prepares for a big public event. >>> in wall nothing
facebook effectively takes other the home screen. in the apple version the pop ups are confined to the apps itself. >>> the news was mixed today if yahoo. add revenue dropped 11% from the same quarter last year. but earnings rose 36% which was better than analysts expected. marisa myers says the company is on the right track. but u.s. sales fell 11% in extended training. >>> the line up for today's festival was announced today and it includes a huge headliner. yeah, paul mccartney is going to headline along with the red hot chili peppers and nine inch nails. you can go to our website ktvu.com for the full line up and more details just look under today's hot topics. >>> we're following developing news right now, a highway collision has left a pedestrian dead. what we learned after the break. >>> phil martin tracking some changes in our weather. at 10:45 he's back with the trends you're going to notice for the rest of the week. ♪ ♪ [ engine revs ] [ female announcer ] small... [ engine revs ] wicked... ♪ and now... ♪ topless. ♪ the fiat 500 abarth cabrio. ♪ >>> in wall nothing --
. plain extraordinary." >> amendment at 5:23. you may soon be able to buy a low cost cell phone from apple. they could sell up to 75 million low cost phones next year. they have not confirmed it maps to do so. >> a bill banning voice activated texting has passed the transportation committee undoing legislation passed last year allowing hand's free texting but an asex bringman says the new information is that the texting is just as distracting to drivers as regular texting. >> beef prices are at an all-time high. >> here is jane king with the bloomberg business report. >> beef prices are going up, and the composite retail price on beef cuts including choice beef and hamburger climbed to an all-time high of $4.92 a pound in march up 5 percent from a year ago. commodities experts say watch for demand to grow as the summer barbecue season heats up. set back if yahoo turn around efforts and the c.e.o., with a drop in key advertising business as rivals google and facebook gain ground. we had a higher close for stocks after a stronger than expected report on new home construction. forget rock cli
of a vestors will shares of apple closely, the quartey profit will shrink for the first time in a decade because of slow growth in iphone seems and the ipod maker reports results tomorrow. and the new c.e.o. of yahoo will talk about the don't work on home, the closing speaker at the great place to work conference, and she stopped in the middle of the remarks do address the elephant in the room, defending her decision on temperature communicating saying people are mob innovative when they are together and the best ideas coming from two different ideas together. forget wine, california is getting serious buzz over the beer. this is the craft beer movement booming across the country. the ten best according to "usa today" saying california topping the list of the best bw state in america with 268 craft breweries and countin me tha any other state. anors a house hold name across the country. >> thank you. i was at the giants game, guess who was the most popular opinion at at&t park yesterday? >> barry? >> a frozen lemonade guy, the vendor. >> good idea today. we are going to start off warm fo
in the south bay, a few low 80s, too. 79 in sunnyvale, home of apple computer, 80 cupertino. 82 morgan hill. san jose today 81 degrees. east bay we look at low 80s. 81 at livermore, pleasanton 82. and 82 at antioch. 76 vallejo near the delta. and 80 degrees in santa rosa and 78 degrees in petaluma. 75 for novato and 80 for sonoma. in the extended forecast we are going to be looking for numbers to still warm slightly through the weekend and into next week. look at tuesday numbers approaching mid- to upper 80s. and all the way toward next thursday. still stay warm inland 70s along the bay about as good as it gets with a mild beach. that's weather, here's traffic with elizabeth. >>> thank you, brian. we are still getting some more details about this accident in hayward. we have just confirmed that it is a fatal accident on mission boulevard so they closed off a couple of block stretch of mission boulevard both directions between blossom way and medford avenue. so this was an accident involving a pedestrian. and i'm just seeing some new information coming from chp out castro valley that they h
at the moment. intel down over 1%. apple having a rough go in the early going. its shares are down 2.25%. speculation i have had many sales in the current quarter may fall off until the next product refresh. back to you guys. >> thank you, jason brooks. >>> million-dollar video ads are coming to your facebook page this summer. the menlo park company hasn't released much details. the company execs who heard the pitch from facebook says the ads will be costly. the ads will be no longer than 15 seconds long and users will not encounter them more than 3 times a day. at first the ads will appear on facebook's desktop version. >> could be annoying. three times a day. >>> time now for a look at what's coming up a little later on "cbs this morning." >> gayle king joins us now live in new york with more on the big show. good morning. >> reporter: good morning, frank and elizabeth. frank, did you just say something about menlo park? >> i did. isn't that your hometown? >> i was going to say i went to menlo atherton high school, mighty bears, class of 1972. >> bay area girl, as well. >> love th
at santa clara. and at the home of apple computer in cupertino, 83 degrees. 68 at pacifica. 80 at redwood city. out in the tri-valley area we'll still deal with low to mid-80s. 58 degrees up at walnut creek and napa, 84 degrees after today's 91 at downtown napa. 82 for santa rosa and 64 degrees over at bodega bay. 65 at stinson beach and marin county. as we look ahead, it looks good. tuesday still warm, wednesday look inland only gets to 79 degrees on wednesday. and then look at thursday. thursday is just 70 degrees. so inland is cooling down and e ek'll warm upjust a but back nt temperatures unless you don't like temperatures in the mid-70s. but we have already covered that. temperatures will be in the mid- 60s along the shoreline and low clouds will be filling in beginning tuesday night and wednesday night in the bay area. so send in the clouds! and the cooler temperatures. and that sports guy is up in a minute. [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will char. cool. and heat. fr your phone. good fo
coming out today including apple, at&t and delta airlines. three biggies. nearly one-third of the companies in the s&p will report their results this week alone. the reports have been pretty good so far. on wall street the dow reversed an early slide yesterday and gained 19 points. the nasdaq climbed 27. >>> stock indices have more than doubled since the march 2009 bottom. but many investors still a little spooked by the markets. here to explain why is jill schlesinger, cbs news senior business analyst. >> reporter: good morning. >> ordinary investors might pile into stocks. tell us what's going on. >> reporter: well, it's so wild because the financial crisis and the subsequent 55% drop in stock indexes clearly have lot of a lasting impression on investors. according to bankrate.com's financial security index, a whopping 76% of respondents say they are just saying, no to stocks. that's a huge number. economists call this recency bias. we tend to use our resent experience as a guide for what's going to happen in the future. sohen stocks are soaring, we think markets
tragedy, the state of virginia is pausing dollars to victims from apple 16th, 2007. that is late 22 year- old college student on a shooting spree at the campus in blacksburg 32 bit support given the gunman took a long life. it is considered the deadly shooting rampage in modern u.s history. >> we will continue team coverage of the attack at the boston marathon were three people were killed and more than 150 people are injured. we're live in boston we will have all the angles that affect you in the bay area as well. even down to the commute this morning. we will be right back. >> we continue to monitor the latest informations on our top story devastation boston. two bombs going off 100 yds in 10 seconds apart near the finish line of the boston marathon. >> the very latest numbers we have an kron 4 news 3 killed including an 8 year- old boy was watching his father run the race. his mother and sister seriously injured. 150 people injured. >> at the youngest three years old. >> there's been no claim of responsibility for the bombing. overnight we have video of law-enforcement officers search
you're making a juice isn't it nice to put something sweet in there? >> i like to put a pear. apples are a little bit, they're sort of empty calories. >> how about beets? >> if you like beets it gets color to the juice. i find that very sugary. >> that's the point. >> or you can add sugar. >> no, no, no, no. no, no, no. see how pretty this looks and chard has wonderful nutrients as a spinach. couldn't find any spinach growing in the garden centers yesterday. >> these are feisty. >> the roots are well developed. that's what you look for. >> my roots are well developed as well because i'm having the same issue. >> that looks good. >> thank you. >> those are going to grow so the peppers are going to get big and the tomato much larger than that. you'll probably have to stake it. >> a tea garden, salsa garden and healthy juices. >> the fourth is a salad garden. this is just salad. they call this snip garden. that will give you salad for two people for quite a long time if you just keep snipping. >> martha, always good information. nice to see you. >> we're back in a few moments and show y
based in the united states. exxonmobil topped the list followed by apple, google, berkshire and walmart. last year, three chinese companies were in the top five and for the first time in three years, no company in the world is worth $400 billion. >>> gas prices continue to slip across the country and here in the bay area. analysts say they could be lower by the memorial holiday weekend. san francisco averages $4.06. around the rest of the bay area, it's down about 6 cents a gallon. experts say we could be saying 20 cents less by the end of next month. >>> paper or plastic? that's something you won't be hearing much longer in many cities and counties in california. pam cook is in the newsroom with more. >> it's earth day today. to coincide, many cities are joining the effort to reduce, refuse and recycle. redwood city and menlo park, are not allowed to hand out plastic bags and required to charge you 10 cents for a i aer -- paper bag. we asked some people. most are in favor. >> i think it's fabulous. >> tell me why. >> i think any time we can help the earth and recycle bags and go to the
for you on this tuesday apple succinct. three people are dead including an 8 year-old and 176 are hurt this morning after two bombs exploded near the finish line of the boston marathon. president obamas said those responsible will feel the full weight of justice. the fbi is taking charge of the crow investigation. right now they say there is no motive and there's no one in custody. >> meanwhile back in the bay area, security and law enforcement officials are stepping up patrols on the airport to public transportation, if you're out and about stand there expect to see at least as is everywhere. >> witnesses describe some of the injured lost limbs in the boston marathon explosions. one man was covered with the evidence of yesterday's attacks. >> my pants, a close. >> showing the flag?. the flag i was holding the whole time and this is how the flag ended up covering the blood of all the victims terry >> there were thousands.. >> if there were thousands of people running the marathon or watching it when the bombs went off. >> the deadly blast knocked runners off their feed and triggered m
in antioch. 74 for san leandro. upper 60s for richmond. downtown san francisco. 80 in apple. cool along the coastline. 63 in daly city 61 and ocean beach. >> looking at satellite and radar it is quiet around the area as high pressure builds in over the northern part of our state. we do have a weak system not bringing any rain to us. that is affecting the pacific northwest. we have cloud cover streaming in. you concede that on satellite. we will see a mix of sun and clouds for some spots. temperatures could be slightly cooler along the coastline in a mthe north bay. >> dry weather continues in to the middle of next week. >> george. >> taken erica we're tracking a couple of hot spots the first in walnut creekhot680 the southbound direction. traffic has been backing up because of a motorcycle accident that occurred at north main street. the accident is out of the way but the traffic is still heavy from 242 and interstate 680 . there are delays on the lower peninsula. palo alto, willow leading to 237 on the connector ramp an accident as the ramp shut down. a piece of heavy equipment was bei
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